All City & finance articles – Page 222
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AnalysisPoundstretcher profits rise despite falling sales
Poundstretcher has posted a healthy boost in its full-year profits as the value retailer rejigs its store estate to focus on retail park openings.
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OpinionWhy M&S is right to review new store developments
Though clearly a hard decision to make – both in terms of the impact on jobs and politically – I firmly believe Marks & Spencer is making the right decision in undertaking a review of its current and planned store portfolio with a view to reducing the overall size of its trading estate in the UK.
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NewsSteinhoff boss Jooste resigns amid accounting scandal
Poundland owner Steinhoff’s chief executive Markus Jooste has stepped down with immediate effect as the group launches a probe into “accounting irregularities”.
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NewsMulberry sales buoyed by post-Brexit tourist boom
Mulberry’s UK sales edged up 1% to £45m in its first half after an increase in tourist spend in London balanced out slowing domestic demand.
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OpinionWill US retail property showdown be replicated in UK?
As retailers restructure amid harsh trading conditions and changing shopping habits, a legal judgement in the US may carry implications on this side of the pond.
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OpinionOpinion: Casino deal proves Ocado stock is not a gamble
The Ocado stock had always looked like an investment more akin to a gamble, rather than an odds-on winner.
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NewsEdinburgh Woollen Mill reveals rising profits and sales
Edinburgh Woollen Mill Group has revealed that profits and sales both grew in the year in which it acquired Austin Reed, Country Casuals and Viyella.
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NewsMcColl’s sales pass £1bn amid store acquisition plan
McColl’s has posted a spike in full-year revenues as its acquisition of almost 300 Co-op stores pushed top-line sales through the £1bn barrier.
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NewsAgenda: BRC-KPMG retail sales and Mulberry interims
Retail Week looks ahead to the next seven days, with an update from Mulberry and the BRC-KPMG retail sales monitor on the agenda.
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NewsEve Sleep sales soar as UK trading exceeds expectations
Eve Sleep, the mattress-in-a-box retailer, has reported rocketing sales as its UK business performs above expectations.
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OpinionOpinion: Get ready for more hardscrabble years
Let’s hope that a gloomy wage growth outlook from think-tank the Institute for Fiscal Studies (IFS) is wrong, because otherwise retailers potentially face years more of tough trading.
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NewsGame offloads Multiplay Digital in £19m deal
Game has sold its Multiplay Digital business to Unity Technologies following a strategic review of its digital activities.
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NewsTopps Tiles profits tumble amid ‘challenging’ market
Topps Tiles has suffered a fall in full-year profits as the business grappled with “challenging trading conditions”.
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OpinionOpinion: AO losses expose a major electricals glitch
The health of the electricals market has been thrown into question after AO World issued a mixed set of interim results.
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NewsMaplin hails ‘robust’ trading amid tough conditions
Maplin has issued “robust” full-year results and lifted the lid on renegotiated banking facilities after credit insurers reportedly scaled back their exposure.
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NewsSports Direct seeks to pay Mike Ashley’s brother £11m
Sports Direct has called a shareholders’ general meeting next month to approve an £11m payment to controversial founder Mike Ashley’s brother, John.
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NewsAgenda: Topps Tiles, Pets at Home, Findel, Eve Sleep
Retail Week looks ahead to the next seven days, with updates from Topps Tiles, Pets at Home, Findel and Eve Sleep on the agenda.
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Analysis
Analysis: What does the Budget mean for retail?
Has Chancellor Philip Hammond delivered the Budget retailers craved? Or has he left the industry high and dry?
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NewsOasis, Coast, Warehouse sale talks revived by Emerisque
Oasis, Coast and Warehouse owner Kaupthing Bank is back in talks to offload the businesses, Retail Week has learned.
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NewsMothercare losses widen despite like-for-like rise
Mothercare’s losses widened during its half-year despite a healthy like-for-like rise at its UK business.